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Urea prices rose this week on stronger US demand, while Chinese export flows were restricted by the virus outbreak. Rain in Australia and low inventories also tightened supply, and Pareto Securities expects India to return to the market for April shipments.
Tighter Chinese exports and firmer demand support nitrogen fertilizer prices, which raises input costs for grain and feed producers.
finansavisen.noHerman Tinius FolvikFeb 14, 2020After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
